"Fund houses look at merging schemes where there is a duplicity of content or if the scheme has been underperforming historically," says Aashish Somaiya, head (retail business), ICICI Prudential AMC.
Investors can sell their entire equity and move to debt when stocks get expensive
Measured by returns in 2013, the top 10 funds had only three from large houses; nimble strategy could be a factor.
S Naren of ICICI Prudential says long-term investors needn't worry.
It is best not to get carried away by returns or take a short-term view of the markets, says Bhavana Acharya.
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